Nick Watkins and I submitted two plans to the Board....under option one, the austerity budget, we had a manager lined up who would work with a player budget of £1.5m. This, in our opinion, would maintain League 2 status with little realistic hope of promotion. We estimated that crowds would drop to around the level before we took over and therefore circa £500k of funding would be needed each year.
Interesting that 10+ years ago £1.5m playing budget was deemed austerity, fast forward to 2023 and a £1.6m budget.